Bluesocket Garners $16 Million

Updated April 29, 2002 10:25 a.m. ET

Bluesocket Inc., Burlington, Mass., raised $16 million in second-round financing. The round was led by Ridgewood Capital and Boulder Ventures Ltd., with participation from Intel Capital, St. Paul Venture Partners and private investors. Bluesocket has raised a total of $20 million to date. The funding will be used for sales, marketing and product development. Also, Bluesocket said Lou Mazzucchelli of Ridgewood, Larry Macks of Boulder and Matt McConnell, former chief executive officer of Compatible Systems, were named to the company's board. Bluesocket (www.bluesocket.com) is a developer of wireless local area network...